Waiver of License Requirements
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Law
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Tennessee Code
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Insurance
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Agents, Solicitors and Administrators
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Administrators
- Waiver of License Requirements
The commissioner may waive the requirements of §56-6-410 for any person or class of persons. The factors taken into account in granting the waiver shall include, but not be limited to:
- Whether the person acting as an administrator is primarily in a business other than that of administrator;
- Whether the financial strength or history of the organization indicates stability in its continuity of doing business; and
- Whether the regular duties being performed as an administrator are such that the covered persons are not likely to be injured by a waiver of the requirements.
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